Congratulations to Monsanto and Google, named the two Most Innovative Law Department for 2013 by Financial Times.
“These teams reveal how essential in-house lawyers can be in enabling innovation in their businesses and how their own operational innovations impact the bottom line.”
As legal action keeps growing, it becomes increasingly important for inside counsel to continue to innovate while containing expenditure. With the high costs of outside counsel and the rise of user-friendly advanced technology, it only makes sense that in-house teams begin to do some of the strategic, pre-litigation work themselves.
In-house attorneys are using tools such as technology-assisted review, concept search and clustering on data ranging from patent portfolios to insider trading to accomplish:
- early topic identification
- privileged document identification
- risk assessment